KIAN DEBT MARKET OBSERVER | Dec 1st – Dec 5th

Budget to implement expansion policies for the debt market.

  • According to the deputy of planning and budget organization, there is an article passed in Iran’s 2019 budget bill, by which government debt to banking system is to be written off with treasury bills. He added, in another article of 2019 budget bill, it is considered to allocate a budget worth of IRR 319,000 bn for principal payment of the bonds issued in last years.
  • In this week, total trading value of bonds in both TSE and IFB markets reached to its highest in the last 2 months, and hit IRR 23,605 bn. However, YTM of Kian Fixed Income Index is indicating a stable trend towards 24% during past week.
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